- WHY YOU NEED BUSINESS INTERRUPTION INSURANCE
- THE PREMIUM RATE
More and more companies are looking into Business Interruption Insurance to protect themselves against loss of income in the event of a fire or other calamity. They are more concerned than ever because of the sheer increased size of their investments being put into their business. This insurance would cover the insured’s shortfall of normal income to cover actual expenses and projected profit until the insured can resume normal operations and earn the total profit they were earning prior to the incident.
The premium rate is a percentage of your Fire/Perils Insurance policy rate, usually running 50-90% of rates charged on your Contents.